BULLION TERMINOLOGY - P

*Sourced from Kitco.com*

Palladium

Chemical symbol Pd. A silvery-white precious metal known for its uses in dentistry and catalytic converters. It is an economical substitute for platinum. Part of the platinum-group metals, palladium has recently emerged as a vehicle for investment as its uses have multiplied and the demand for hard assets has increased.
 

Palladium Canadian Maple Leaf

The Royal Canadian Mint began minting the Palladium Maple Leaf coins in 2005. These coins bear a hallmark of exceptional quality and value. The Canadian government guarantees the palladium content (1 troy ounce), purity (.9995 fine palladium) and a face value of $50 CAD. The obverse surface features the profile of Queen Elizabeth II. The reverse depicts the famous Maple Leaf. Starting in 2013, additional security enhancements have been included in the design such as radial lines and a laser-engraved textured maple leaf.
 

PAMP Swiss

PAMP is the acronym for Produits Artistiques Métaux Précieux, a Swiss bullion brand, and one of the most trusted refiners of precious metals worldwide. PAMP is part of the MKS Group, a Geneva-based global precious metals and financial services company boasting over 50 years of trading expertise. Kitco offers the 5 oz and 10 oz gold PAMP Suisse bars.
 

Panda

See Chinese Panda (Gold or Silver).
 

Personal Check

A check drawn against funds deposited in a personal checking account.
 

Perth Mint

Established in 1899, the Perth Mint is located in Perth, Western Australia. It is today considered a world leading manufacturer of bullion and collectible coins and bars. It produces some of the highest quality bullion bars and government-backed coins in the world. Among many other Perth Mint products, Kitco offers the ever-popular 1 oz gold Kangaroo coin, formerly known as the gold Nugget.
 

Philharmonic

See Austrian Philharmonic (Gold or Silver).
 

Platinum

Chemical symbol 'Pt'. A shiny gray precious metal, the parent of the platinum group metals (PGMs), is known for its industrial uses made possible by its high melting point and chemical resistance. Although generally deemed more valuable than gold, in the post-2008 economic environment, its price has stalled in comparison to its more famous yellow counterpart.
 

Platinum American Eagle

Since their first strike in 1997, these coins are the first platinum coins to be issued by the US Mint. These coins may come in different sizes 1 oz, 1/2 oz, 1/4 oz and 1/10 oz depending on the year of mintage. The US government guarantees the platinum content, purity (.9995) and a face value of $100 USD for the 1 oz coin. Bearing the motif of an eagle and Lady Liberty, the coin celebrates the eternal American values of freedom, pride and dignity.
 

Platinum Canadian Maple Leaf

Since their first strike by the Royal Canadian Mint in 1988, these coins remain the official platinum coin of Canada. These coins may come in a variety of sizes: 1 oz, 1/2 oz, 1/4 oz, 1/10 oz and 1/20 oz, depending on the year of mintage. The Canadian government guarantees the platinum content, purity (.9995 fine platinum) and a face value of $50 CAD for the 1 oz coin. The obverse surface features the profile of Queen Elizabeth II. The reverse depicts the famous Maple Leaf.
 

Pool Accounts

Kitco Pool accounts are also referred to as unallocated storage accounts. A precious metal account deposit in which you would not have title to specific bars or coins (allocated storage), but rather own the value of a generic ounce of metal which Kitco holds in secure storage facilities.
 

Precious Metals IRA

A type of self-directed individual retirement account (IRA). This type of account allows you to invest government-approved bullion into your preferred IRA.
 

Premium

The charge over the spot price at which a precious metal item is sold. The premium includes the costs of fabrication, distribution and a dealer fee.
 

Purity

Also known as fineness. This is the proportion of a specific precious metal found within a bullion product. Example, the gold Canadian Maple Leaf contains 99.99% of gold.

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